JAKS looks to be staging reversal from recent retracement, says RHB Retail Research

-A +A

KUALA LUMPUR (Sept 23): RHB Retail Research said JAKS Resources Bhd looks to be staging a reversal from its recent sessions’ retracement in the latest session after testing the 79.5 sen support level.

In a trading stocks note today, the research house said a positive bias may appear above 81 sen with resistance points eyed at 84 sen and 86.5 sen.

“A downside breach of 81 sen would invalidate this positive expectation,” it said.